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noma
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January 20, 2015, 05:43:57 PM |
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Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
Profitability has nothing to do with market cap. Coinbase is setting up a business that will cater to the mass 90% of public that will utilize BTC without knowing they are using Bitcoin for daily exchanges - basically Coinbase is going to sell you bitcoin for a 1-2% fee, allow internal transfers to allow you to buy that coffee from the corner coffee shop at them paying 1% fees, and then resell the bitcoin. That is what these guys are investing in, not the total market cap of BTC. I figure the investors are buying bitcoin as a % of their own net worth and using fiat to support and gain fiat by investing into Coinbase. I guess that is why VC's see the potential and invested 75 million into the company. Thats a crazy amount. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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medialab101
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January 20, 2015, 05:45:08 PM |
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so much good news....time to short?
The New York Stock Exchange are going to be such bag holders... lol  Only if bought Bitcoin. NYSE didn't. You, OTOH, prob'ly did  Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC? Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI? Investing in crypto business is getting your foot into crypto. If another crypto succeeds, adapting to any coin would be trivial. Also, see: Velocity of money. I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad  |
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 20, 2015, 05:46:55 PM |
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I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad I fear sadness abounds.. |
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 20, 2015, 05:49:56 PM |
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Chamath Palihapitiya @chamath 25s25 seconds ago
At $400M post, @coinbase valuation is almost 15% of entire BTC market cap. Top 20 BTC co's market cap > entire BTC market cap.
Not for long |
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NotLambchop
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January 20, 2015, 05:50:03 PM |
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... I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad You clearly have self-image issues. Stop being so hard on yourself, you're fascinating! Really Step away from the keyboard, Ivan's hoe, you're getting belligerent. Here, have a nice gif to feed your Bitcoin dreams I was actually planning to step away from the keyboard yes, i have other things to do. Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point  You are wasting your life. Wasting my life? You undervalue Satoshi's Great Social Experiment. Satoshi created a compressed time microcosm that mirrors the bigger reality. Where naked greed is given reign and punished, laissez-faire economy is given a chance & fails, the flaws of Austrian school are empirically shown, and the human animal could be observed & studied like naked mole rats in a plexiglass habitat.  You're fascinating and useful, Bitcoiners. Satoshi has created something wonderful, and I'm not missing a minute of it. Now go buy some BTC--don't make me shake the box   |
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dakota neat
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January 20, 2015, 05:52:43 PM |
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I knew that these low prices were artifical. Wall Street is around the corner. Time to get leveraged all-in again asap.
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WeltMaster
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January 20, 2015, 05:54:16 PM |
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Please delay the rocket for me guys  Just a couple more days till the rest of my deposits clear |
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NotLambchop
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January 20, 2015, 05:56:23 PM |
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Please delay the rocket for me guys Just a couple more days till the rest of my deposits clear No prob.  |
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Richard Branson
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January 20, 2015, 05:58:26 PM |
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I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally. If you started buying 6 years ago, you had now tens of thousands of bitcoins. Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked Of course you only lost approx 15k $ in total, not very much. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 20, 2015, 05:59:56 PM |
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Bitfinex  Bitstamp  Explanation |
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medialab101
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January 20, 2015, 06:00:02 PM |
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... I hope you and Jorge are making enough per-post to make this worth your time... If you did this as a hobby that would be pretty sad You clearly have self-image issues. Stop being so hard on yourself, you're fascinating! Really Step away from the keyboard, Ivan's hoe, you're getting belligerent. Here, have a nice gif to feed your Bitcoin dreams I was actually planning to step away from the keyboard yes, i have other things to do. Fact is that you'll still be here for the coming hours. And tomorrow again, and the day after that again, the day after that again, the day after that also again. You get the point You are wasting your life. Wasting my life? You undervalue Satoshi's Great Social Experiment. Satoshi created a compressed time microcosm that mirrors the bigger reality. Where naked greed is given reign and punished, laissez-faire economy is given a chance & fails, the flaws of Austrian school are empirically shown, and the human animal could be observed & studied like naked mole rats in a plexiglass habitat. You're fascinating and useful, Bitcoiners. Satoshi has created something wonderful, and I'm not missing a minute of it. Now go buy some BTC--don't make me shake the box Ouch, sorry... looks like I struck a nerve there. Just remember to take your blood pressure meds and antipsychotics and everything will be OK. Some days this gig just isn't worth it I suppose. |
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JorgeStolfi
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January 20, 2015, 06:01:56 PM |
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Certainly not because bitcoin is undervalued jorge! You are hilarious.
Well, I find hilarious all those bitcoin experts who last May predicted 10'000 USD/BTC or more (way more) for Jan/2015. (And who now are saying that "the price does not matter, what matters is the technology".) You know, I am actually glad to be totally ignorant about bitcoin. |
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DonQuijote
Legendary
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Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
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January 20, 2015, 06:04:36 PM |
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Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
AFAIK, Coinbase does not invest in bitcoin either. Their profit does not depend on the price of bitcoin, but on how much USD they process. I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay). +1 They have profit in every transaction, they earn @100$ or @10k$ |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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January 20, 2015, 06:04:54 PM |
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I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally. If you started buying 6 years ago, you had now tens of thousands of bitcoins. Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked Of course you only lost approx 15k $ in total, not very much. $15k is not lost you can access that without crashing the market, the rest is an investment in the idea, the hopes and dreams of the community. |
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Moria843
Sr. Member
Offline
Activity: 442
Merit: 250
Found Lost beach - quiet now
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January 20, 2015, 06:05:05 PM |
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What does HODL mean? Doesn't even show up in google  |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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January 20, 2015, 06:08:56 PM |
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I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally. If you started buying 6 years ago, you had now tens of thousands of bitcoins. Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked Of course you only lost approx 15k $ in total, not very much. You have heard of selling off exchange, right? Private buyers bought 50,000 coins from the US Marshalls office in the last couple of months.. |
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BrewCrewFan
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January 20, 2015, 06:09:16 PM |
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I mean shit, imagine you had put 50 bucks into BTC every week or 2 weeks from the time it started... I can bet you would be so far ahead right now, not bad for savings.
Savings you can not use, without crashing the price totally. If you started buying 6 years ago, you had now tens of thousands of bitcoins. Let's say, you need that "money" for something you can't buy with bitcoin -> you are fucked Of course you only lost approx 15k $ in total, not very much. I think your math is flawed. If I was putting in a locked amount from day one I could buy many more Bits @50c than I would at 1K So even if the price crashed like it has even though I did by some bits at the peak, the amount that I was able to buy at 50c would offset any small loss I might have gotten from the peak price of 1k. .50 x 50 = 25 BTC @~ 200 = $5000 with 50 dollars going in @ 1K would have gotten me only .05 BTC. Sure, I would lose 40 buck but I would have made 5000 over and over again on paper at least. Because the value was so low for a long time you could have gotten thousand of BTC at the time and the short lived pump up to 1k... I hope you get the picture... I am not so great at explaining things lol. |
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medialab101
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January 20, 2015, 06:09:59 PM |
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Explain to me how Coinbase is profitable while it is now valued at 12% of the total market cap of BTC?
Without the underlying asset increasing dramatically in value, how do the NYSE investors see ROI?
AFAIK, Coinbase does not invest in bitcoin either. Their profit does not depend on the price of bitcoin, but on how much USD they process. I would guess (just guess) that they are valued so much because they plan to become a competitor to PayPal (including dollar-to-dollar payments rather than just bitcoin-to-dollar like BitPay). +1 They have profit in every transaction, they earn @100$ or @10k$ Would you rather have 1% of $100 or 1% of $10k? Higher price means more bandwidth means more profit. |
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